1951 Blue Mountain Blvd - Retail FOR SALE


Tyler, TX 75703
$6,600,000 USD
310-850-3124
1951 Blue Mountain Blvd, Tyler, TX for Sale
$6,600,000 USD
Retail - FOR SALE
1/6
null | 8% Cap Rate

1951 Blue Mountain Blvd
Tyler, TX 75703


HIGHLIGHTS

  • Enjoy truly passive ownership with a 20-year absolute NNN lease and zero landlord responsibilities.
  • Benefit from 10% scheduled rent increases every five years, providing built-in income growth.
  • Invest with confidence in a newly constructed 2024 property, reducing near-term capital expenditure risk.
  • Own a prime corner location in a high-income neighbourhood, operated by an experienced 50-location fuel retailer with a Subway® subtenant.

OVERVIEW

Investment Highlights •20-year absolute NNN lease to experienced operator •Zero landlord responsibilities - hands-off investment •10% increases every 5 years •Newly constructed (2024), minimizing near-term capital expenditure risk •Bonus Depreciation Eligible •Nationally Recognized Subway Franchise In Place as Subtenant to bring traffic and bolster tenant’s rent coverage Market Highlights •W. Cumberland Rd at Blue Mountain Blvd, in a newer, higher-income south Tyler residential corridor •Hard corner at the main entrance to Jack Elementary School and the surrounding residential, capturing twice daily family traffic •Average household income of $118,915 within 1-mile radius Tenant Highlights •Operator has 15 years of experience and has grown to 50 locationsthroughout all its entities

FOR SALE DETAILS

PRICE

$6,600,000 USD

PRICE/SF

$1,717 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gas Station & C-Store – 20-Year Absolute NNN

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

-

APN/PARCEL ID

1-50000-1137-11-002010

ASK ABOUT THIS PROPERTY

Joshua BergerCentury Partners Real Estate Inc.More Info
310-850-3124

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Joshua BergerCentury Partners Real Estate Inc.More Info
310-850-3124

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.